Noesis Energy Gets $8 million

Noesis Energy Wednesday unveiled a free website for companies to control energy costs in their buildings using big data services and analytics.
Noesis’ site, which underwent a five month beta test, already has more than 4,400 buildings being managed.
The Austin-based company also announced that it closed on a $8 million funding round led by Black Coral Capital and also an investment from Austin Ventures.
“There is no shortage of data in the energy industry. What is lacking are the practical insights required to make both big and small energy decisions so organizations can start realizing the tremendous amount of pent up savings,” Rob Day, partner with Black Coral Capital, said in a statement. “We believe this is why Noesis Energy has seen such impressive growth with energy managers and consultants during their beta period. This has shown us just how much these experts have been looking for a solution like this.”